EUR USD Technical Analysis 9 December 2020
EUR USD Technical Analysis: The EUR declined 0.06% against the USD on Tuesday and closed at 1.2102. Today in the Asian session, while EUR USD technical Analysis 9 December 2020 is preparing at 4:45 GMT, the pair is trading at 1.2126, which is 0.20% higher from yesterday’s closed.
The pair is expected to find support at 1.2100 and a fall through could take it to the next support level of 1.2080. The pair is expected to find its first resistance at 1.2145, and a rise through could take it to the next resistance level of 1.2165. Today’s expected trading range is between 1.2040 support and 1.2175 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2100
Support 2: 1.2080
Support 3: 1.2040
Important Important resistance levels:
Resistance 1: 1.2145
Resistance 2: 1.2165
Resistance 3: 1.2175
EUR/USD buying opportunity for intraday trading on December 9, 2020
Buy near the support zones 1.2100 and 1.2080 as soon as you get a reversal candlestick pattern, using a stop loss 2 points below the low of the reversal candle, and keep the target equal to the stop loss.
EUR/USD selling opportunity for intraday trading on December 9, 2020
Sell near the resistance zones 1.2145 and 1.2165 as soon as you get a reversal candlestick pattern, using a stop loss 2 points above the high of the reversal candle, and keep the target equal to the stop loss.
Economic events to watch for the next 24 hours: BoC Interest Rate Decision (CAD), JOLTS Job Openings (USD), EIA Crude Oil Stocks Change (USD).